Bitcoin (BTC) price, currently at $ 16,320, was only at this level or higher for 12 days in the coin’s entire 4,332-day history, which is just 0.28% of the life of the cryptocurrency.
The crypto analytics platform Messari released data showing that the closing price had exceeded $ 16,320 on only 12 other days, 10 of which occurred December 7-20, 2017, with the highest closing price being $ 19,378 on December 16. Any investor who bought at the all-time high of $ 20,089 would still have fallen 18.35%. In contrast, investors who bought on December 15, 2018 at this cycle’s low of $ 3,126 would have risen 424%.
Of the other top 10 coins, only Chainlink (LINK) comes close to Bitcoin from a distance, with the coin being above its current price of $ 12.70 for 2.7% of its lifespan.
In contrast, the majority of altcoins still have to enter proportionally rare price ranges. The current price of Ether (ETH) of $ 464 has been exceeded 201 days in the past, which is more than 10% of the total 1,933 days since the Ethereum network went live.
ADA prices for XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardano vary between 9.7% and over 30%. BCH outperforms all other coins that are at least a third of its life above the current price of $ 258.
Bitcoin’s sharp surge above $ 16,000 has also seen record volumes recently. With a Bitcoin trading volume of more than $ 5.5 billion on November 5th, it was a stronger volume in Bitcoin’s history in just nine days.
Compared to that day in previous years, investors saw gains of 88%, 2,275%, 4,326% and an astonishing 5,833,991% in 2019, 2016, 2013 and 2010.
In other words, the $ 1 investment in Bitcoin on Nov 13, 2010 would have increased to $ 58,339 today.